Global Smart Home Market Report 2022-2026: Declining Smart Sensors Price, Surge in Adoption of IoT, Rise in Consumer Spending, & Surging Demand for Energy Optimization
DUBLIN, Jan. 13, 2022 /PRNewswire/ -- The "Global Smart Home Market: Size, Trends & Forecasts (2022-2026 Edition)" report has been added to ResearchAndMarkets.com's offering.
Global Smart Home Market report provides an in-depth analysis of the global smart home market, with detailed analysis of market size and growth.
Smart homes are advanced residential buildings that are installed with technically advanced features like smart television, smart light, smart appliances, smart security, etc. The technology enables people to control numerous automated home devices by software commands from a remote location, hence enhancing the comfort and security of the house.
The smart home is built by integration of various components such as power management unit, microcontroller/microprocessor unit, software applications, firmware, smart sensors and many other components. Additionally, the smart home facilitates the user with different benefits like hassle-free system, cost efficiency, ease of use, safeguard privacy, providing entertainment, etc.
The global smart home market has perceived progressive growth in the past few years and the market is further expected to augment at an escalating growth rate during the forecasted period (2022-2026). The global smart home market growth would be supported by numerous growth drivers such as declining smart sensors price, the surge in the adoption of internet of things (IoT), accelerating construction activities, increasing number of internet users, growth in consumer spending, surging demand for energy optimization, rising urbanization, etc.
However, the growth of the global smart home market would be negatively impacted by various challenges. Some of the foremost challenges faced by the market are high installation costs and intolerable threats. Whereas, the market growth would be driven by different market trends like the evolution of cloud technology, rising artificial intelligence technology, growth in smart speaker installations, surging machine to machine communication technology, etc.
Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and would be driving the growth of the industry. Growth of the overall global smart home has also been forecasted for the years 2022-2026, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The major players dominating the smart home market are Amazon.com Inc., Alphabet Inc., ABB Ltd. and Assa Abloy AB. The four companies have been profiled in the report providing a detailed analysis of their business strategies.
Key Topics Covered:
1. Executive Summary
2.1 Smart Home: An Overview
2.1.1 Advancement of Smart Home
2.2 Components to Build Smart Home Gateway
2.3 Smart Home Offerings and System Components: An Overview
2.4 Customer Expectancy from Smart Home: An Overview
2.5 Advantages and Disadvantages of Smart Home
3. Global Market Analysis
3.1 Global Smart Home Market: An Analysis
3.1.1 Global Smart Home Market by Value
3.1.2 Global Smart Home Market by Volume
3.1.3 Global Smart Home Market by Application (Smart Products, Security Monitoring, Home Healthcare, Lighting, Energy Conservation and Others)
3.1.4 Global Smart Home Market Volume by Application (Smart Products, Security Monitoring, Home Healthcare, Lighting, Energy Conservation and Others)
3.1.5 Global Smart Home Market by Communication Network (Wireless Communication Network and Mobile Communication Network)
3.1.6 Global Smart Home Market Volume by Communication Network (Wireless Communication Network and Mobile Communication Network)
3.1.7 Global Smart Home Market by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa)
3.1.8 Global Smart Home Market Volume by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa)
3.2 Global Smart Home Market: Application Analysis
3.3 Global Smart Home Market: Communication Network Analysis
4. Regional Market Analysis
4.1 North America Smart Home Market: An Analysis
4.1.1 North America Smart Home Market by Value
4.1.2 North America Smart Home Market Value by Applications
4.1.3 North America Smart Home Market by Volume
4.1.4 North America Smart Home Market Value by Communication Network
4.2 Europe Smart Home Market: An Analysis
4.3 Asia Pacific Smart Home Market: An Analysis
4.4 Middle East and Africa Smart Home Market: An Analysis
4.5 Latin America Smart Home Market: An Analysis
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Declining Smart Sensors Price
5.1.2 Surge in Adoption of Internet of Things (IoT)
5.1.3 Accelerating Construction Activities
5.1.4 Increasing Number of Internet Users
5.1.5 Rise in Consumer Spending
5.1.6 Surging Demand for Energy Optimization
5.1.7 Rising Urbanization
5.2.1 High Installation Cost
5.2.2 Intolerable Threats
5.3 Market Trends
5.3.1 Cloud Technology
5.3.2 Rising Artificial Intelligence Technology
5.3.3 Growth in Smart Speaker Installation
5.3.4 Machine to Machine (M2M) Communications
6. Competitive Landscape
6.1 Global Smart Speakers Sales Market Share by Players
7. Company Profiles
7.1 Business Overview
7.2 Business Strategy
- Amazon.com Inc.
- Alphabet Inc.
- ABB Ltd.
- Assa Abloy AB
For more information about this report visit https://www.researchandmarkets.com/r/dnhy27
Research and Markets
Laura Wood, Senior Manager
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